As we near the end of 2022, Colorado tech companies are busy raking in venture capital funding, opening a new office and rebranding. From a medical tech company to an Ireland-based SaaS company, catch up on the latest tech news with the Built In Colorado Weekly Refresh.
Alio raised $18M. The Broomfield-based medical tech company is working to reinvent how doctors and patients manage chronic diseases. The $18 million Series C will go toward expanding Alio’s remote patient monitoring platform and growing its operations. The company, which has now raised $50 million to date, uses artificial intelligence to create clinical actionable insights and is able to monitor a patient’s potassium intake. [Alio]
Teamwork opened its Denver office. The Ireland-based company announced plans in October to open its North American hub in the Mile High City and hire 20 local employees people by the end of the year. On December 14, Teamwork celebrated its office grand opening at WeWork. The SaaS company offers a scalable project management tool for client work. [Email]
Colorado Tech Quote of the Week
ZLinq closed a Series B round. Led by McCarthy Capital, the Series B round will be used to grow its team and invest in product development. Denver-based zLinq offers a communication lifecycle management tool for call centers and businesses with multiple locations. ZLinq also helps call centers improve their operational efficiency and address customer service complaints. The Denver-based company is actively hiring across sales and operations. [Built In Colorado]
Mad Capital landed $4M. Mad Capital is a lender that provides farmers with flexible, equitable capital for transitioning and organic farming. The seed round, led by Trailhead Capital, will help Mad Capital increase its operations and grow its farmer ecosystem. The fresh funding will also help the Boulder-based startup transition more land into regenerative organic farmland. [PR Newswire]
Gtmhub rebranded to Quantive. The Denver-based company offers a strategy execution platform using OKR management methodology to help businesses reach their goals. Quantive CEO and founder Ivan Osmak said the new name reflects how the company has evolved since launching in 2015, what it’s doing today and its plans for the future. The company also made headlines earlier this year when it acquired Cliff.ai in June. [Business Wire]
